RobotPlusPlus brings in $15M for magnetic crawler robots

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Considered one of RobotPlusPlus’ storage tank hydroblasting robots at work. | Supply: Robotplusplus

RobotPlusPlus, an organization growing magnetic crawler robots for aerial work, introduced in $15 million in Sequence B funding. Its portfolio of options work in a wide range of industries, together with maritime, ship restore, petrochemicals and energy era. 

The corporate plans to make use of the latest spherical of funding to speed up its analysis and improvement timeline and increase its international presence. RobotPlusPlus is predicated in Beijing, and has largely targeted on promoting domestically, however the firm already has growth plans in movement. It plans to open a Singapore workplace quickly. 

“Whereas we’ve beforehand targeted on the Chinese language market, 2021 has introduced us extra success exterior China. We’re trying ahead to creating our options accessible to a broader viewers and cementing our place as a key participant globally,” Andy Lu, companion & SVP of RobotPlusPlus, stated.

The corporate’s core product portfolio contains 4 robots, a ship derusting robotic, a boiler robotic for inspection and cleansing, a chemical tank grinding robotic and a wall climbing robotic answer. 

“Our newest spherical of funding contributes to the optimistic momentum we’ve got been constructing over the previous 12 months. With a rising market share throughout our key territories, we glance to proceed to ship extra transformational outcomes to our present and future shoppers,” RobotPlusPlus founder and CEO Hua-yang Xu stated.

Meituan, a Chinese language know-how and on-line retail firm, and Fosun, a world shopper group, led the funding spherical. 

“An getting old workforce, rising labor prices, frequent aerial work-related accidents, and the COVID-19 pandemic have had an accelerative impact on the aerial work robotics sector,” Pu Xiao, funding supervisor at Fosun, stated. “RobotPlusPlus’ mission is to empower people with robots whereas serving to improve operational security and productiveness. We’re excited to help RobotPlusPlus in leveraging AI and RaaS to optimize aerial work environments and allow robotic purposes.”

RobotPlusPlus was based in 2017, and has raised round $35 million since its founding. Its know-how has been efficiently utilized in inspection, flaw detection, cleansing, derusting, spraying, sprucing and extra.